Active Wound Care Market Set to Grow at Healthy CAGR of 12.2% by 2024

Active wound care or wound care biologics market accounted to USD 817.6 million in 2016 growing at a CAGR of 12.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Wound care biologics or Active wound care are being frequently used for the treatment of complex burn injuries in patients with the inadequate skin for grafting due to which wound care biologics are established and used for the treatment of prevalent such as diabetic foot ulcer and venous leg ulcers.

Competitive Analysis: Global Active Wound Care Market

The active wound care market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of active wound care market for global, Europe, North America, Asia Pacific and South America.

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Major Market Competitors: Global Active Wound Care Market

Some of the major players operating in active wound care market are Molyncke Healthcare, Smith and Nephew, Osiris Therapeutics Inc., Medline Industries, Inc., Avita Medical, BIOD, LLC, Convatec Inc., Cytori Therapeutics, Inc., Intercytex, Human Biosciences Inc., Novadaq, Alliqua Biomedical, Inc., Organogenesis Inc., Wright Medical Group N.V. among others

Market Segmentation: Global Active Wound Care Market

• On the basis of product type, Active Wound Care market is segmented into allograft, synthetic skin grafts, xenografts, collagen dressings, amniotic tissue grafts, and growth factors. Synthetic skin grafts segment is expected to dominate the market due to easy availability of synthetic products and low cost of surgery. Growth Factors is segmented into platelet derived growth factor (PDGF), platelet rich plasma (PRP), epidermal growth factors (EGF), basic fibroblast growth factors (BFGF), granulocyte colony stimulating factor (G-CSF), talactoferrin ALFA, thrombin peptide, and keratinocyte growth factor (KGF).
• Based on distribution channels, active wound care market is segmented into retail and direct tenders. On the basis of end users the market is segmented into hospitals and wound care centers.
• On the basis of indication the market is segmented into venous ulcers, pressure ulcers, diabetic ulcers, 3rd degree burns and infected surgical wounds.
• On the basis of geography, active wound care market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Major Market Drivers and Restraints: Global Active Wound Care Market

• Rising geriatric population
• Rising prevalence of chronic diseases
• Rising government initiatives
• Increasing accessibility of advanced diagnostics
• Growing technological advancement
• Favorable Reimbursement Policies

Reasons to Purchase this Report

• Current and future of global ultrasound devices market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved

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